ICE
The NYSE Goes on ICE: Stock Exchange in Acquisition Deal
IntercontinentalExchange announced this morning that it has reached a definitive agreement to acquire NYSE Euronext Inc. in a stock and cash transaction valued at $33.12 per NYSE Euronext share, a premium of nearly 38% to last night's closing price. The total value of the deal is $8.2 billion.
Nasdaq, ICE Drop $11 Billion Bid for NYSE Euronext
Nasdaq and IntercontinentalExchange are withdrawing their $11 billion bid for the New York Stock Exchange after recognizing that it wouldn't receive regulatory approval. The decision leaves the path open for NYSE Euronext to merge with the German exchange operator Deutsche Boerse.
Oil Speculators: Manipulators or Savvy Investors?
As the price of oil has soared over the past few months, an army of commentators has accused "speculators" of manipulating the oil market to profit from the misery of the American people. But how much are these big investors to blame for our pain at the pump, and how much is simply a matter of supply and demand?
The Fix for High Oil Prices? Regulate the Speculators
As the crisis in Libya continues to shake world oil markets, many voices are calling for President Obama to tap into the Strategic Petroleum Reserve. With gasoline prices up 33 cents a gallon in the last month, that's a tempting idea. It's also the wrong one.
Even Record Snows Couldn't Stop Shoppers
Much to retailers' surprise, old man winter didn't deter consumers from the post-holiday clearance sales. Merchants posted better-than-expected January results despite the dreadful weather that had caused many analysts to cool their forecasts.
